INDEX

G

Geometric method, shortcomingsof, 260-262, 287; showing firstapproximation, 231-262; sec-ond approximation, 263-287.

George, Henry, theory of inter-est of, 165.

Germans , characteristics of, in-fluence interest rates, 374.

Germany , interest rates andprices in, 374, 415, 522, 528.

Gibson, A. H., bond yields inGreat Britain, 417n.

Giffen, R., cited, 391.

Gloeckner, G. A., money fluctua-tions and accounting, 44.

Gold. See Price level, also, Ap-preciation and Depreciation.

Gold bonds, interest rate on,compared with rupee bonds,403-407.

Gonner, E. C. K., cited, 340.

Graphic method. See Geometric method.

Great Britain, interest rates andprices in. See England andEnglish .

Greenbacks. See Money, paper.

H

Habit, effect of, on impatience,83-84; relation of, to savingand spending, 337-338.

Habit of luxury, 81, 83-84, 337-338.

Holland, interest rates in, 374-375.

Hurlbert, H. B., on Korea, 382.

Hypotheses of First Approxima-tion, 99, 101-102.

Hypotheses of Second Approxi-mation, 125-128.

Hypotheses of Third Approxima-tion, 206-208.

[ 555 ]

I

Impatience, differs with differentindividuals, 99; of first im-portance, 80; in interest the-ory, 61-98; made uniform bytrading incomes, 231; mani-fested in trading with man-kind, 181; and opportunitiesto invest, conflict, 29; relationof, to investment opportunity,176-177; role of, in personaland business loans, 365-367;social, determines interest rate,120-121; substitution of, foragio and time preference, viii.

Impatience principles, 77, 495-497; in business loans, 360;dominant in personal loans,360; expressed by equations,290-296; generalized form of,in equations, 293-296.

Impatience schedules, more com-plex than price schedules, 94-95; schematized for differenttypes of income, 95-97.

Impatience, degree (rate) of, de-pends on, the individual andhis income stream, 66-67, 81-89; foresight, 81-83; self-con-trol, 83; habit, 83-84; life ex-pectancy, 84-85; care of de-pendents, 85-87; fashion, 87-89; adjusted to interest ratethrough borrowing, 250-251(charted); adjusted to inter-est rate through lending, 250-251 (charted); affected by in-vention, 341-342; affected byloans, 183, 231; cause of pov-erty and riches, 336-338; de-pends on four characteristicsof income stream size, 72-73;time shape, 73-75, 144; com-position, 75-76; risk, 76-80;depends on income stream,122, 148; determined by inter-